Outlook for 2023

Issue To Watch: Outlook for 2023 Commentary by Wayne Forrest​​​​​​​ As we predicted last January, Indonesia’s 2022 economic performance outstripped 2021, itself a return to growth following the first year of the pandemic. It was more than just government spending and higher mineral prices that helped boost GDP to over 5.0% by Q3: manufacturing

Labor Day 2020

Labor Day 2020 September 2020 Commentary by Wayne Forrest With unemployment at record levels in both the US and Indonesia amidst an ongoing pandemic I've been reflecting on Indonesia's struggle to find meaningful employment for her growing population of 270 million.  Of course, our two nations do not share Labor Day:  Indonesia observes International

REMOVING A PEBBLE IN THE SHOE

REMOVING A PEBBLE IN THE SHOE Commentary by Wayne Forrest Back in the Soeharto era, Indonesia’s very gifted diplomat, Ali Alatas, used to say about East Timor ( a province with a strong separatist movement that caused major diplomatic problems) that it was “the pebble in Indonesia’s shoe”. East Timor achieved independence after Soeharto’s

Is Barbie Guilty ?

I will be visiting Indonesia next week and will likely be asked about President Trump's trade policy, articulated in his recent executive orders.  Will Indonesia, one of 16 countries under review with a large trade deficit, be penalized.  Is it really a trade "cheater" ? The US runs a congenital deficit with Indonesia mostly because

Regret

There’s a lot of regret going around these days. Democrats, who lost a close election, no doubt regret they didn’t do more to convince Midwest rust belt voters worried about their future that they had a viable jobs plan. President Trump regrets he didn’t win the popular vote — although he seems to actually think

Two Years In

Two years into his 5 year term President Jokowi is exhibiting some of the qualities of former President Suharto. I say this not to compare them in any fundamental way - Jokowi is not an authoritarian-  but to illustrate the process by which each consolidated power in the early years after they became President. Jokowi

New Deregulation Package

Indonesia has released the second of three deregulation/stimulus packages designed to boost a flagging economy and strengthen the exchange rate. The first (released September 10) was primarily an exercise in reducing red tape and regulatory confusion in the trade arena and did not garner a lot of attention and praise, perhaps because its hard to

Idul Fitri Reshuffle

June 30, 2105The serious Cabinet reshuffle rumors began in June: in Indonesia, they are part of the air one breaths. An underwhelming economic performance would prompt President Jokowi to reshuffle his Cabinet after Lebaran (end of the Muslim fasting month on July 18), especially his economic team. The economy is, given Indonesia's potential, standing still,

Outlook for 2015: Cautious Optimism

Commentary by Wayne ForrestSince taking office in October President Jokowi has not waited for Parliament, using his executive powers to reset Indonesia's course. He is turning out to be savvier then many gave him credit for.  2015 could mark the beginning of a positive new chapter in Indonesia's economic development.   Although only a short amount

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